Earlier this week, the Wall Street Journal reported on the internal long distance financial goals of Netflix. On Netflix’s earnings interview on Thursday, co-CEO Ted Sarandos addressed the report-which they did not dispute, but emphasized that it is “not a forecast.”
By 2030, Netflix aims to hit the $ 1 trillion market capitalization, while in 2023, it doubled its revenue by $ 39 billion and tripled its operating income from last year’s $ 10 billion last year’s $ 10 billion, Journal reportedCiting the sources of the company. The company has been targeting $ 9 billion in global advertising sales by 2030 and as per report, around 410 million customers worldwide are expected to hit the world (from 301.6 million at the end of last year).
“See, we have a unique culture,” Sarandos said on Thursday at an interview with senior execution, given that the leaders of the company openly share information with the employees. He said on “rare and very disappointing opportunities” that the data becomes public.
According to Sarandos, Netflix will not “comment in general” on such data leaks, but he said “it is important to note that it is not a forecast, calling the data reported in the” Journal Story “Aspirational”.
“We don’t have a five -year forecast,” he said.
For the first quarter of 2025, Netflix defeated Wall Street Financial Expectations with a revenue of $ 10.54 billion, up to 12.5%, up to 12.5%, and per share of $ 6.61 (before $ 5.28 before $ 5.28). This was the first quarter Netflix stopped reporting subscriber counts, as the company says it wants to focus on investors on financial and user engagement matrix.
In addition, Netflix said that co-founder Reid Hastings would step down from the role of his executive chairman and will serve as the chairman of a non-executive director to go ahead.
